Prison for Not Paying Taxes on Embezzled $1 Million
Posted/updated on: August 24, 2011 at 12:17 pm
BEAUMONT (AP) – A North Texas woman has been sentenced to prison for not paying taxes on more than $1 million that investigators say she embezzled. Federal prosecutors in Beaumont on Tuesday announced 48-year-old Cynthia Watts Riggins of Allen must serve 2 1/2 years in prison for committing tax fraud. Riggins pleaded guilty in March to filing a 2005 false tax return. Investigators say Riggins, who was sentenced Monday, must repay $1.2 million to her former employer, McLean Orthopedics of Nacogdoches, and to the Internal Revenue Service. Riggins was the company’s office manager for a decade. Prosecutors say she failed to report the embezzled funds as taxable income.